Manaksia Limited (MANAKSIA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+230.8%

₹181.93

vs ₹55.00 price

Levered DCF

₹12.23

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	5.32×	7.02×	9.07×	6.56×	2.64×	5.54×	3.04×	3.5×
P/B	0.39×	0.69×	1.25×	0.62×	0.46×	0.35×	0.19×	0.24×
P/S	0.36×	0.54×	0.98×	0.6×	0.41×	0.38×	0.21×	0.26×
EV / EBITDA	0.58×	3.68×	5.52×	2.52×	1.24×	2.03×	0.24×	1.25×
Gross margin	14.7%	23.0%	27.6%	13.9%	33.4%	13.4%	8.1%	9.0%
Operating margin	4.6%	6.7%	12.4%	11.2%	17.5%	8.7%	3.8%	5.0%
Net margin	6.7%	7.7%	10.8%	9.2%	15.6%	6.9%	6.8%	7.4%
Current ratio	7.34×	6.29×	4.9×	5.88×	4.74×	6.25×	8.1×	6.06×
Debt / equity	0.04×	0.05×	0.13×	0.05×	0.11×	0.05×	0.01×	0.04×
Interest coverage	9.76×	4.17×	8.31×	8.49×	21.13×	12.78×	5.47×	4.87×
Dividend yield	0.0%	0.0%	2.9%	2.8%	4.1%	0.0%	38.7%	7.7%
Payout ratio	0.0%	0.0%	26.0%	18.4%	10.7%	0.0%	117.4%	26.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.2%	9.8%	13.7%	9.5%	17.2%	6.2%	6.1%	6.9%
Return on invested capital	3.4%	5.2%	9.9%	6.1%	12.2%	4.7%	2.2%	3.3%
Return on assets	6.1%	7.8%	10.5%	7.7%	13.3%	5.1%	5.2%	5.8%
Free cash flow yield	-11.0%	-73.2%	19.5%	6.0%	28.4%	82.4%	-22.4%	-7.3%
Earnings yield	18.8%	14.2%	11.0%	15.2%	37.9%	18.0%	32.9%	28.5%
Enterprise value	₹462.1M	₹3.8B	₹6.9B	₹5.6B	₹3.6B	₹2.7B	₹320.2M	₹1.8B
Net debt / EBITDA	-2.91×	-0.18×	0.07×	-0.62×	-0.43×	-0.45×	-1.09×	-0.48×
Cash conversion cycle (days)	47	64	60	57	82	59	69	74